Trade Stock Indices

Learn Stock Indices Trading

Adding MetaTrader 4 Bollinger %B Indices Technical Chart Indicator

Step 1: Open the Indices Trading Platform Navigator Window

Open the Navigator window as shown below; Go to “View” menu (click), then select the “Navigator” window (click), or From Standard Toolbar click the “Navigator” button or press short cut keyboard keys “Ctrl+N”



On the Navigator window, select “Indicators”, (Double Click)

MetaTrader 4 Bollinger %B Indices Indicator

MetaTrader 4 Bollinger %B Indices Indicator


Adding Bollinger %B MetaTrader 4 Indices Technical Chart Indicator

Expand the menu by clicking the expand button marker (+) or double click the “indicators” menu, after this the button will appear as (-) and will now display a list as shown below - select the Bollinger %B stock indices chart indicator from this list of stock indices indicators so as to add the Bollinger %B stock indexes technical indicator on the stock indexes trading chart.

From the Above window you can then place Bollinger %B indicator that you want on the Indices Trading chart

From the Above window you can then place Bollinger %B indicator that you want on the Indices Trading chart



How to Put Custom Bollinger %B Stock Indexes Indicator on MetaTrader 4 and How to Install Bollinger %B Stock Indexes Indicator MetaTrader 4

If the stock indices indicator you want to add is a custom indicator - for example if the Bollinger %B indicator you want to add is a custom indicator you will need to first add this custom Bollinger %B indicator on the MT4 stock indexes trading platform and the compile the custom Bollinger %B indicator so that the newly added Bollinger %B custom indicator appear on the list of custom indicators on the MetaTrader 4 stock indexes trading platform.


To learn how to install Bollinger %B indicators on MetaTrader 4, how to add Bollinger %B indicator window to MetaTrader 4 and how to add Bollinger %B custom indicator on MT4 stock indexes trading platform - How to add a custom Bollinger %B indices trading Indicator on MT4.



About Bollinger %B Indices Indicator Tutorial


Bollinger %B Indices Technical Analysis and Bollinger %B Indices Trading Signals


Developed by John Bollinger


Percent B indicator is derived from Bollinger Bands.


This is an oscillator which has 3 lines - 0, 50, 100



  • 0 represents lower Band

  • 50 represents middle Band

  • 100 represents upper Band


Percent B oscillates between these three points and it shows where the stock indexes price is in relation to the 3 Bollinger Bands.

Bollinger Percent %B Indicator

%b indicator



When the stock indexes price touches the upper band then the oscillator hits 100, if stock indexes price moves above the upper band the oscillator moves to +100


When the stock indexes price touches the lower band then the oscillator hits 0, if stock indexes price moves below the lower band the oscillator moves to -0


When the stock indexes price touches the middle band then the oscillator will be at 50.



Calculation


Percent B = Indices Price Close - Lower Band * 100

Upper Band - Lower Band



Indices Technical Analysis and Generating Indices Trading Signals

Percent B indicates to what degree the stock indexes price closes above or below any of the bands.


Buy Indices Trading Signal

Oscillator values above 50 is a bullish signal.


Bollinger Percent %B Indicator Bullish buy Signal

% b Bullish Buy Indices Trading Signal


Sell Indices Trading Signal

Oscillator values below 50 is a bearish signal.

Bollinger Percent %B Indicator Bearish Sell Indices Trading Signal

%b Bearish Sell Indices Trading Signal

 

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